UESTION 1 Samba Plc provides the following: Shares (nominal value $0.50) in issue at $2.50 on 1 January 2022 $1,000,000. Shares issued at $1 for cash at market price on 30 September 2022 $500,000 Earnings after interest and tax $2,875,000 Required: Calculate the time-weighted number of shares for EPS calculation at 31 December 2022 (5 marks) QUESTION 2 Omega had a basic EPS of P2.13 based on earnings of 105,000 and 100,000 ordinary shares issued at P1 each in 2022. It also had in issue 40,000 15% convertible loan stock which is convertible in two years time at the rate of 4 ordinary shares for every 5 of stock. The rate of tax is 25.23%. In 2022 gross profit of P331,241.25 and expenses of P78,213.56 were recorded, including interest payable of P7,223.78 Required: Calculate the diluted EPS based on the four steps as per IAS 33 Earnings per Share (7.5 marks) QUESTION 3 Write a page discussion on the relationship between bonus issue and earnings per share in line with IAS 33 Earnings Per Share. (7.5 marks) (